LGI Homes, Inc. (NASDAQ:LGIH) Receives Consensus Recommendation of "Hold" from Brokerages

LGI Homes, Inc. (NASDAQ:LGIH - Get Free Report) has earned a consensus recommendation of "Hold" from the three ratings firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $126.00.

Separately, Wedbush restated a "neutral" rating and set a $125.00 price target on shares of LGI Homes in a research note on Wednesday, November 6th.

Institutional Investors Weigh In On LGI Homes

Large investors have recently made changes to their positions in the company. Altshuler Shaham Ltd increased its holdings in LGI Homes by 5,860.2% during the 2nd quarter. Altshuler Shaham Ltd now owns 454,760 shares of the financial services provider's stock valued at $40,696,000 after purchasing an additional 447,130 shares in the last quarter. Khrom Capital Management LLC bought a new stake in shares of LGI Homes during the second quarter worth $21,477,000. River Road Asset Management LLC increased its stake in shares of LGI Homes by 45.9% in the third quarter. River Road Asset Management LLC now owns 695,455 shares of the financial services provider's stock valued at $82,425,000 after buying an additional 218,923 shares in the last quarter. Holocene Advisors LP raised its holdings in shares of LGI Homes by 386.2% in the third quarter. Holocene Advisors LP now owns 130,968 shares of the financial services provider's stock valued at $15,522,000 after buying an additional 104,030 shares during the last quarter. Finally, Marshall Wace LLP lifted its position in LGI Homes by 51.8% during the 2nd quarter. Marshall Wace LLP now owns 269,798 shares of the financial services provider's stock worth $24,144,000 after buying an additional 92,081 shares in the last quarter. Institutional investors own 84.89% of the company's stock.

LGI Homes Stock Performance

Shares of LGIH traded down $0.81 on Friday, reaching $109.49. 79,018 shares of the stock traded hands, compared to its average volume of 208,997. The stock's 50-day moving average price is $109.10 and its 200-day moving average price is $103.75. The company has a debt-to-equity ratio of 0.77, a current ratio of 12.72 and a quick ratio of 0.54. The firm has a market cap of $2.57 billion, a price-to-earnings ratio of 13.13 and a beta of 1.97. LGI Homes has a 12 month low of $84.00 and a 12 month high of $136.89.

LGI Homes (NASDAQ:LGIH - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The financial services provider reported $2.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.54 by $0.41. The firm had revenue of $651.85 million for the quarter, compared to analyst estimates of $645.27 million. LGI Homes had a net margin of 8.75% and a return on equity of 10.32%. During the same quarter in the previous year, the firm posted $2.84 EPS. The business's revenue for the quarter was up 5.6% on a year-over-year basis. Equities analysts forecast that LGI Homes will post 8.72 EPS for the current fiscal year.

LGI Homes Company Profile

LGI Homes, Inc designs, constructs, and sells homes. It offers entry-level homes, such as attached and detached homes, and active adult homes under the LGI Homes brand name; and luxury series homes under the Terrata Homes brand name. The company also engages in the wholesale business, which include building and selling homes to large institutions looking to acquire single-family rental properties.